Madam Speaker, it is in fact a good formula. The reason it is a good formula is that we have local taxpayers and their councils, who know best how to make decisions on projects that should go ahead, putting their money on the table rather than people who are not close to the situation making those decisions here in Ottawa.
Those decisions to spend that money are made because the local taxpayers are putting up one-third of the money. The projects clearly reflect community priorities and are supported by the provinces across the country and by this federal government.